On January 7, 2026, 5E Advanced Materials, Inc. agreed to issue warrants to purchase up to $10 million of common stock as part of a funding package with BEP Special Situations IV LLC and Ascend Global Investment Fund SPC related to an EXIM Loan. The warrants have an exercise price of $3.5507 per share and will not be exercisable until the Guarantors provide the necessary guarantee.